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Posted by virgil on March 24, 2004 at 01:37:09:

how do you fight the lienholder on the 'gap' insurance neglience? My vehicle was stolen. The insurance company pay off is insufficient to cover the loan. It is my side's opinion that the lienholder and car dealer was negligent in telling me about gap coverage. They typed right over it twice and I didn't initial it or otherwise know about it. If I did I would have 1) not signed it or 2) got gap coverage. The contract itself doesn't even provide an detailed or thorough explaination of what gap coverage is. What are my rights as consumer, the lien holder is threatening to come after me for upwards of $20,000 and I say that it is not in my contract for them to do so. But they don't want to hear it. WHAT TO DO>?< HELP!!!!!!!



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